Results of the 1st Quarter 2007 Company Statistics

Information from the Statistics and Census Service indicated that in the first quarter of 2007, a total of 797 companies were newly incorporated, with MOP77.71 million in registered capital. Compared with the same quarter of 2006, the number of newly incorporated companies increased by 6.6%, while their registered capital went down by 59.4%. These newly incorporated companies engaged mostly in Wholesale and Retail (258), followed by Construction (160), Business Services (121) and Real Estate (100). On the other hand, 99 companies were dissolved in the first quarter of 2007, with MOP14.66 million in registered capital. Most of them had engaged in Wholesale and Retail (28), and Real Estate (19). Among the stockholders of the newly incorporated companies, 59.4% were Macao residents. In addition, the newly incorporated companies with capital of MOP50 thousand or less accounted for 69.1% (551 companies) of the total, whereas their capital only made up 19.9% of the total. Meanwhile, 711 newly incorporated companies were limited companies. Based on the residence of the stockholders, the capital newly incorporated companies in the first quarter of 2007 mostly came from Macao (MOP38.69 million), followed by Mainland China (MOP13.38 million) and Hong Kong (MOP8.75 million). Guangdong Province (MOP8.90 million) topped the list of the capital coming from the Pan-Pearl River Delta provinces. According to the combination of the residence of stockholders, 648 newly incorporated companies were established by stockholders from a single country/region, the majority of which (402 companies) were established solely by Macao stockholders, followed by those from Hong Kong (146 companies). The number of the newly incorporated companies with stockholders from Macao and other countries/regions was 120, of which 49 were joint ventures of Macao and Hong Kong stockholders and 44 were of Macao and Mainland China stockholders. The newly incorporated companies with stockholders solely from countries/regions other than Macao totalled 29, of which 10 were joint ventures of Hong Kong and the British Virgin Islands and 5 were of Hong Kong and Mainland China.